Wall Observer BTC/USD - Bitcoin price movement tracking & discussion

[cAPSLOCK]

Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?

Unless someone solves this problem in the realm of game theory, it is impossible.  This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool.

[infofront]

Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?

Unless someone solves this problem in the realm of game theory, it is impossible.  This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool.

I'm curious as to how all of this is going to play out in the short-medium term.

Some questions I've been asking myself:
Will there be a mass realization that blockchain without bitcoin is just a slow, shitty database? How long will this realization take?
When/if this realization takes place, will it fuel Bitcoin's moonshot? Alternatively, will people become disenchanted with "blockchain" altogether, and throw the baby (bitcoin) out with the bathwater?
Will this kill off most alts?

[BitcoinNewbie15]

Of course, the world has not yet seen a blockchain that has been battle-tested, that does not reward the maintainers in a native token. So there's that. What's the incentive?

Unless someone solves this problem in the realm of game theory, it is impossible.  This is one of the absolute foundational pillars for the stability of bitcoin the removal of which would create a sort of 2 legged stool.

I'm curious as to how all of this is going to play out in the short-medium term.

Some questions I've been asking myself:
Will there be a mass realization that blockchain without bitcoin is just a slow, shitty database? How long will this realization take?

This is something that really frustrates me. The whole "Blockchain not Bitcoin". A blockchain on its own is just like you said, a slow database. It needs to have the other core tech from Bitcoin to make it special (POW, P2P, Cryptography, etc). Also... What is the incentive to maintain the ledger without a valuable token?

A lot of people don't understand Bitcoin (I dont blame them, stuff is complex) but the whole Blockchain not Bitcoin idea is totally nonsensical. Probably will be a few more years before the general public/enterprise realizes this.

[Neo_Coin]

 

[Kylapoiss]

Why it doesn't show my image? Sorry for being a noob. I have the full link address between the IMG headers.

[RoomBot]

Just arrived back home to Canada from Vietnam. It was getting way too hot for comfort and productivity. Nice to be back in a temperature cooler than me.
I was pleasantly surprised to find this among Hong Kong airlines entertainment choices.  
Watched it twice  

sMerited.  I'm guessing that's a recommendation for the vid?

Actually, ya, sure. I feel like I'd previously digested much of the content but I particularly liked how they documented the history of money and how things became corrupt. I think it was made in 2015 but still feels super relevant.  Well worth an hour of your time.  There's a torrent on TPB.

Very cool, thanks.

[xhomerx10]

Why it doesn't show my image? Sorry for being a noob. I have the full link address between the IMG headers.

 noobs cant post images - it's a forum parameter

[kromer]

Is Bitcoin dead? Because somebody on reddit just told me so. Apparently it is as good as dead already and it is currently being phased out by superior crypto 2.0 coins using block-lettuce (TM) technology.

[RoomBot]

I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.

Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.

Psy Op.
Disruptor.
Divider.
Hatemonger.

Whatever, just ignore it & stop wasting good thread time.

[RoomBot]

I wonder where r0ach is getting the energy from to do what he's doing. He clearly has 0 followers, noone rarely agrees with him and he is being bashed nonstop. Or does he really think he is smarter than everyone else and he is genuinely trying to convert us from stupidity of cryptoworld to the high intelligence of silver trading? Lol.

Just wondering, maybe I should take a book of psychology to understand someone who seems smart but is so utterly stupid.

Most people have had him on ignore for years, he’s likely a pedophile & likes to grrom newbies and their way of thinking similarly to how he grooms children in RL.

I think he’s just a very angry man.
The rabbi must have botched the circumcision or something...

Sources say he couldn't even walk for a year after that!

[Kylapoiss]

Why it doesn't show my image? Sorry for being a noob. I have the full link address between the IMG headers.

 noobs cant post images - it's a forum parameter

Wonder how long does it take when I can post one?

Just wanted to post a picture of TERA's favourite beer.

[realr0ach]

Dropped out of school, currently run 2 businesses & have a nice stash of bitcoin in cold storage. I take cocaine at least once a week & smoke weed most days btw.

I think we've discovered why there are so many delusional posts in this thread.

[jbreher]

Is Bitcoin dead? Because somebody on reddit just told me so. Apparently it is as good as dead already and it is currently being phased out by superior crypto 2.0 coins using block-lettuce (TM) technology.

Block-lettuce? I prefer wedge-lettuce. With bacon, bleu cheese, tomato, and red onion.

[realr0ach]

Psy Op.
Disruptor.
Divider.

Another "r0ach is from the new world order trying to stop bitcoin" post.  I'm a descendant of William the Conqueror.  I'm from the old world order; get your facts straight.  Nothing I type on here is false, though.  No, I have no affiliation with the Windsors who have shamefully allowed the Jews to unleash the Kalergi plan on their country (and every other white country).

[DaRude]

Psy Op.
Disruptor.
Divider.

'Tiss true rabbi botched it up so bad that i have to use girls bathrooms. But i switched my synagogues since then.

Wow well that definitely explains all of the hatred now!

[Toxic2040]

*edited*

Why it doesn't show my image? Sorry for being a noob. I have the full link address between the IMG headers.

It has to do with your forum rank.. Here..have a sMerit.

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Thank you for that fine look deep into my personal psychology Jay. /s
There is no rage quit and many of you...perhaps all..mistake my disappointment for anger over which way the market decides to turn. I have told you before and will tell it to you again..I day trade very very little. When and if I do have to sell coins its only to cover operational costs for certain things at a very fundamental level. I am not trying to promote my "book" to anyone or hope to influence market direction to make a bigger "bag".  Muh bags are just fine thank you very much. I can only wear one pair of pants at time just like everyone else. Material things have less and less relevance in my daily routine as the years go by.

When my disappointment shows, it is due to having a moment where the entire world is watching bitcoin and it just slips away. The call to arms was issued...the sword raised high.

I cant for the life of me understand why anyone is selling coins at all for under $10k tbh.. I think most are in agreement the potential value is far in excess of that.

When things tend in a direction I have indicated of course I feel satisfaction and gratitude that the majority feels the same way. I honestly just try to tell what I am seeing and feeling. I have no idea why I have this need to "save" you..  It is a mental sickness I am sure.  Charts go up and charts go down..its in the nature of things.

So this brings us full circle..its not the why or how of price direction that causes me pain..it is the fact that if I post something here..and someone takes that as the gospel..and then..markets doing what they do..it goes another direction..that is what I stress about and lose of sleep over. Its that simple.

With that in mind I think its best if I get back to the basics and accept my retirement with as much grace as possible. I am supposed to be enjoying my golden years and limiting my stress intake, its not happening mucking around here. There are many out there with much more talent to show you what anyone with half a brain can see on the charts.

Now..with all that off my chest...I can get back to being a happy grumpy old man. Summer and the Fall are my time for travel and being out and about..the time for a good soak approaches.
 ...that is what I hand meant when I said see you next year..and who said I was referring to a terran calander.

Be kind..be thoughtful..give freely.
I am still observing.

[Kylapoiss]

*edited*

Why it doesn't show my image? Sorry for being a noob. I have the full link address between the IMG headers.

It has to do with your forum rank.. Here..have a sMerit.

------------

Wow, thanks, you just took my virginity!

[cofefeGandalf]

Lol. Love that pic,super accurate. 

[arklan]

Lol. Love that pic,super accurate. 

oh my god, i want one! but make it a pair of horses pulling a full-sized Duesenberg!

[sirazimuth]

^great meme.
 Yeah, It seems like the in vogue thing now amongst msm clueless crypto financial hacks and the like, is
to throw shade on Bitcoin but praise Blockchain.

Block-lettuce? I prefer wedge-lettuce. With bacon, bleu cheese, tomato, and red onion.

Too right!
 My favorite salad combo for sure.
(with some freshly cracked pepper, preferably from one of those giant horse leg peppercorn grinders the waiter twists and rests on his shoulder....)